OPY vs SF: Correlation
Measured on weekly returns over the past three years, Oppenheimer Holdings, Inc. (OPY) and Stifel Financial Corporation (SF) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPY and SF?
Over the past 3 years, OPY and SF moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 483.5 %².
SF is one of the assets that tracks OPY most closely: it ranks #2 out of the 13 assets we track against OPY. Correlation aside, the last 12 months split them widely, with OPY ahead by 65.9 points (+71.9% versus +6.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
OPY vs SF: side by side
| OPY (Oppenheimer Holdings, Inc.) | SF (Stifel Financial Corporation) | |
|---|---|---|
| 1-year return | +71.9% | +6.0% |
| 5-year return | +185.5% | +92.0% |
| Volatility (ann.) | 30.2% | 27.2% |
| Beta vs S&P 500 | 0.93 | 1.23 |
| Max drawdown (3Y) | -29.4% | -34.7% |
| Market cap | $1.3B | $12.2B |
| P/E (trailing) | 13.3 | 14.4 |
| Dividend yield | 0.66% | 1.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPY | SF |
|---|---|---|
| 2022 | -7.2% | -15.6% |
| 2023 | -0.9% | +21.2% |
| 2024 | +57.3% | +56.4% |
| 2025 | +15.6% | +20.1% |
| 2026 | +67.0% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPY and SF good diversifiers for each other?
Only partially. A correlation of 0.59 means OPY and SF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OPY and SF?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.55 over the last year and 0.56 over 5 years.
Is SF a good diversifier for OPY?
Only partially. A correlation of 0.59 means OPY and SF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OPY correlations · SF correlations
